Ron's SilverTrend Indicator

Quoting zawodowiec

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Does anyone have any experience with this indicator? I'm wondering if it repaints itself or not? Thanks in advance

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Quoting whtrader

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Hi Zawodowiec,

What do you mean by repaints itself?

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Quoting Tragapips

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It means when indicator makes signals they usually corrects as price changes. This indicators change and change and change ....... its signals . If you open a position based on this kind of indicators you´ll be in trouble very soon .So this kind of indicators are soooo unreliable but on historical data are the Holy Grial.

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Quoting Tragapips

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For example: Indicator "X" tells you it´s a buy time when is above 0 and a sell time when is below 0. At 8:00 GMT its reading is 0.23 so you go long but one hour later for the same time (8:00) now its reading is -0.14. So this indicator repaints. It changes its reading. Hope it´s clear now for you.

About CCI. No it doesn´t
http://www.answers.com/main/images/aNorthWest.gif http://www.answers.com/main/images/cLeftTop.gif http://www.answers.com/main/images/cRightTop.gif

http://www.answers.com/main/images/cLeftBottom.gif http://www.answers.com/main/images/cRightBottom.gif

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Quoting mobi

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Not right at all; EVERY indicitar actualize itself on progress made by CURRENT bar, so in the same bar they can give different signals. Thats why traders are also waiting for close of bar.

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Quoting Tragapips

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That´s correct. A repainting indicator will change its reading after the close of the bar. Not only for the actual bar but the previous one too (this is the critical point). I´ve seen an indicator repainting 10 previous bars....

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